Equities research analysts predict that Core-Mark Holding Company, Inc. (NASDAQ:CORE) will announce sales of $4.48 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Core-Mark’s earnings, with estimates ranging from $4.46 billion to $4.52 billion. Core-Mark reported sales of $4.31 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The company is scheduled to report its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Core-Mark will report full-year sales of $16.73 billion for the current fiscal year, with estimates ranging from $16.71 billion to $16.75 billion. For the next financial year, analysts expect that the company will post sales of $17.49 billion per share, with estimates ranging from $17.28 billion to $17.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Core-Mark.

Core-Mark (NASDAQ:CORE) last announced its earnings results on Tuesday, August 7th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. Core-Mark had a net margin of 0.21% and a return on equity of 9.56%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.14 billion.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Core-Mark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Sidoti lowered shares of Core-Mark from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 11th. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price target (up previously from $21.00) on shares of Core-Mark in a research report on Wednesday, August 8th. ValuEngine upgraded shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research upgraded shares of Core-Mark from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, August 15th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Core-Mark presently has an average rating of “Buy” and an average price target of $34.33.

Several hedge funds and other institutional investors have recently bought and sold shares of CORE. Millennium Management LLC boosted its position in shares of Core-Mark by 650.3% during the 2nd quarter. Millennium Management LLC now owns 731,267 shares of the business services provider’s stock worth $16,600,000 after acquiring an additional 633,806 shares in the last quarter. BlackRock Inc. boosted its position in shares of Core-Mark by 10.3% during the 2nd quarter. BlackRock Inc. now owns 6,504,225 shares of the business services provider’s stock worth $147,646,000 after acquiring an additional 609,424 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Core-Mark by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,579,930 shares of the business services provider’s stock valued at $58,565,000 after buying an additional 405,500 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Core-Mark by 236.8% in the second quarter. Segall Bryant & Hamill LLC now owns 471,527 shares of the business services provider’s stock valued at $10,704,000 after buying an additional 331,530 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Core-Mark by 14.8% in the second quarter. Royce & Associates LP now owns 2,486,953 shares of the business services provider’s stock valued at $56,454,000 after buying an additional 321,322 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Shares of NASDAQ:CORE opened at $34.00 on Tuesday. Core-Mark has a 12-month low of $17.10 and a 12-month high of $38.16. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.07 and a beta of 0.86. The company has a current ratio of 1.92, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Tuesday, August 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.18%. Core-Mark’s dividend payout ratio is 40.00%.

About Core-Mark

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

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Earnings History and Estimates for Core-Mark (NASDAQ:CORE)

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